"Where’s the beef?" After waiting anxiously all week for the all-important jobs data, the report left us with more questions than answers. We continue to suggest that the so called "jobless recovery" is a fallacy.
The SEP13 Aussie dollar is trading up 126 ticks (+1.39%) today on a stronger than expected GDP data. This time, the Aussie is rallying not because of positive data from big trading partner China, but actually because of data from its own country.
The SEP13 U.S. 30-year bond futures are down a somewhat significant amount of 1’19 points to 132’16. This is likely due to the higher revisions to last month’s retail sales number, causing more concern about Fed tapering that could be announced next month.